Like-Kind Exchanges – Common and Not So Common Problems

This session addresses the following questions:

• What is “real estate” for purposes of Section 1031?
• What is productive use in a trade of business or for investment?
• What is like-kind?
• Who can be a qualified intermediary?

Other topics to be considered include:

• Calculation of the deferred gain, the recognized gain, and the basis of the replacement property
• Combining a like-kind exchange with an installment sale
  of distributed property
• Limits on taxpayer’s right to receive the exchange funds
• Identification/acquisition of the replacement property
• Reverse exchanges; exchanges with related parties, and exchanges